Bp Plc Increases Stake in Comcast Corporation (CMCSA)
Bp Plc boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 64.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 546,000 shares of the cable giant’s stock after buying an additional 213,000 shares during the period. Comcast Corporation makes up 0.8% of Bp Plc’s investment portfolio, making the stock its 29th largest position. Bp Plc’s holdings in Comcast Corporation were worth $20,524,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora raised its stake in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares in the last quarter. Adirondack Trust Co. raised its stake in shares of Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock worth $109,000 after buying an additional 1,450 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Comcast Corporation during the first quarter worth approximately $112,000. 82.02% of the stock is currently owned by institutional investors and hedge funds.
Comcast Corporation (NASDAQ:CMCSA) traded up 0.22% during trading on Monday, reaching $40.29. The company had a trading volume of 2,197,618 shares. The firm’s 50 day moving average price is $39.96 and its 200 day moving average price is $39.02. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The firm has a market capitalization of $189.90 billion, a PE ratio of 20.30 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. Equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.57%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
A number of brokerages have commented on CMCSA. Royal Bank Of Canada boosted their price objective on Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub lowered Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Instinet reissued a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Credit Suisse Group boosted their price objective on Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and a consensus price target of $45.69.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.28% of the stock is currently owned by company insiders.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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